RNS Number:5416N
Offshore Telecom PLC
14 July 2003


                                                                    14 July 2003




                              OFFSHORE TELECOM PLC


                   BOARD CHANGES AND DIRECTORS' SHAREHOLDINGS


Further to the announcement on 3 July 2003, Offshore Telecom Plc ("Offshore
Telecom") announces that David Bland, Philip Mehrtens, Michael Yarrow and
Patrick Roberts have resigned as Directors with effect from 12 July 2003.
                                                              


Continuing and past non-executive Directors have elected to take the
remuneration owed to them in the form of new ordinary shares in Offshore
Telecom.  Accordingly, new shares have been allotted at a price of 0.525p on the
following basis :



Michael Frank (Michael Frank Associates) :                     2,666,476 shares;

Keith Mills (KEM Management Ltd.) :                            1,077,143 shares;

Michael Yarrow :                                               2,461,524 shares;

Patrick Roberts (PJR Consulting Ltd.) :                        2,461,524 shares.



Admission to dealings on AIM in the new shares will be sought.



As part of the arrangements relating to the resignation of David Bland, Keith
Mills has agreed to acquire 9,523,809 Offshore Telecom ordinary shares from Mr.
Bland at a price of 0.525p per share.



The continuing Directors are interested in the following shareholdings :



Michael Frank :      12,074,187 shares (1.3% of the enlarged share capital);

Ian Smith :          342,142,858 shares (38.0% of the enlarged share capital);

Keith Mills :        51,599,497 shares (5.7% of the enlarged share capital).



With the exception of shares received as past remuneration and the share
transfer referred to above, the continuing and past Directors have agreed to
restrictions on the sale of shares in which they are interested :



David Bland, Philip Mehrtens, Patrick Roberts and Michael Yarrow have undertaken
not to sell any Offshore Telecom shares for a period of 6 months and to sell
only through Offshore Telecom's stockbroker during the following 6 months.



Michael Frank and Keith Mills have undertaken not to sell any shares for a
period of 12 months.



Ian Smith continues to be bound by an undertaking not to dispose of any shares
before 28 April 2004.





                                      Ends


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